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<br />83-001641
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<br />MORTGAGE
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<br />s_ L 23.171
<br />MORTGAGE LOAN NO, L 24,08S
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<br />KNOWALLMENBYTHESEPRESENTS:l1tat Randy A. Leiser and Mary E. Leiser, each in his and her
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<br />own right and as spouse of each other, Mortgagor, whether one or more, in consideration of the sum of
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<br />SP.Vf>Jl Thru,,,..nd ..nd no/100-------------------------------~1LARS
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<br />loaned 10 said mortgagor by The Equitable Building and loan Associarioo of Grand Island, Nebnuka, Mortgagoe, upoo 70 shares of stock of
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<br />said ASSOCIATION, CertiC""'le No, L 24 085 ' do hereby grant, coovey and mortg1lge unto the said ASSOCIATION the following
<br />desaibc:d real estate, siluated in Hall CountY, Nebnuka;
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<br />Lot Two (2), in Block Three (3), in
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<br />Lambert I S Second Addi lion to the
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<br />City of Grand Island, Hall County, L~ebraska.
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<br />logether with all lhe lenements, hereditament. and appurtenances thereunlo belonging, including altached floor coverings. all window screens,
<br />window sIwIes, bbnds, storm windows, awnings, heating, au condilioomg, and plumbing aod water equipmenl and a"""""'ties thereto, pumps,s!OftS,
<br />refrigerators.. and other fIxtures and equipment now or hereafter attached to or used in connection with said real estate.
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<br />And where.. Ihe said mort_r has agreed and doe. hereby agree lhal Ihe morl_r Wll and will pay all tax.. and assessments levied or
<br />.......ro upoo said premise. and upoo lhis morlgage and Ihe bond secured Ihereby before Ihe """" Wll become debnquenl; tu furnish approwd
<br />io,",rance upon III<: buildings 00 said prem.... silualC<l in Ihe .um of S 7,000.00 payable 10 said ASSOCIATION aod 10 deliver 10 wd
<br />ASSOCIATION the policies for said insurance; and not to commit or permit 3I1y waste on or about said premises;
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<br />In case of default in the perfonnance of any of the terms and conditions of this mortgage or the bond :secured hereby, the mortgagee shaD~
<br />on demand~ be entitled to imme-diate possession of the mortgaged premises am.i the mortgagor hereby assigns. transfers and sets over to the
<br />mongagee alllbe rents. reven.... and inoome 10 be derived from lbe mortgaged premises during .uch lime.. the mongage indebtedness Wll remain
<br />unpaid; .nd Ihe mortgagee Wll have lbe power 10 appoint any .genl or 'b""''' il may desire for the purpose of repairing wd premises and renting
<br />the same and col\eaing the rents, reven.... and income. and il may pay oul of said inoome all expe..... of repairing Wd premises and necessary
<br />ooflUl1i!sio... and e"""""" incurred in renling and tnllII&gin& the same and of rollectin& rentab therefrom; the balance remaining. if any, to be
<br />applied 10ward the discharge of said mortg1lge indebtedness; I""'" rights of lbe mortgagee may be exercised al any time during the existence of such
<br />default.. irrespective of any temporary waiver of tbe ......,
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<br />These Pre.en", OO_r, are upon the Condition, Thai if the said Mongagor Wll repay said loan on or before the malurity of Slid shares by
<br />paymenl; pay monthly to said ASSOCIATION of the""" speciftod in tbe llond """med bereby .. inleresl and principal on Slid loan, on or before
<br />the Twentieth day of each and every mooth.uotil said loan IS fully paid; pay all taXes and""""""",.. leviedagaiosl said premises and on this Mortpp
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<br />and tbe llond secured Ihereby, before delinquen~'Y; furnish approved insurance upon the buildings thereon in the sum ofS 7,000.00 payable
<br />10 said ASSOCIATION; repay to said ASSOCIATION upon demand all money hy il paid for ""ch taxes.............ts and insurance with interest at
<br />the maximum legal rale thereon from dale of paymenl all of which Mortgagor bereby agrees 10 pay; permit 00 waste on said premises; keep and comply
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<br />with all tbe &llJeementsand condilionsof the Bond for S 7/000.00 this day given by lhe said Mongagor 10 said ASSOCIATION, and comply
<br />with aU rbe requirement. of the Con!iilution and By-Law. of said ASSOCIATION; then Ih... present. Wll become null and void, otherw... they
<br />Wll remain in full fotee and may be foreclo..d allhe oplion of the said ASSOCIATION after failure for Ihree month! 10 make any of wd
<br />payments or be three months in anears in malting said monlhly paynreois. or 10 keep and comply with the agreements and conditio... of wd Bond;
<br />and Mortgagor 3&fees 10 have a reeeiver appoinled fonhwith in such foreclosure proceedings,
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<br />If lbere i. any change in ownership of the real..tate monpgod herein, by iiale or otherwiae, then the entire remaining indebtedness hereby
<br />secured shall, allbe option of The I'.quilable Building and loan Association of Grand Island. Nebraska, become immediately due and payable without
<br />further notice, and the .mounl remaining due under said bond. and any olber bond for any additional adwnces made thereunder. shall. from the
<br />dale of exercise of said option. bear interelll at the maximum ~l rale, and this IflOI1glI&e may then be foreclosed to lI&tisfy the amount due on Wd
<br />bond, and any other bond fot additional adwnces, logelber wilh all SUl11! paid by wd The Equitable Building and Loan Association of Grand Island,
<br />Nebraska for _, taxes and _nls, and ab!tU<:ling extension charges. with inletest thereon, from date of payment at the maximum
<br />legal rate,
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<br />A>. provided in the IIond secured bereby, while this morlgage remains in effect the mongagee may hereafler advance additional RrJJlS 10 the
<br />maker.; of said IIond. lbeir assigns or !ll1CCeSOOlS in intere.t, which RrJJlS Wll be within the security of this rnorIll&ge the same .. the funds originally
<br />_d thereby. the tolal amounl of principal debl oot 10 exceed al any lime the orrginal amounl of Ihis mortg1lge,
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<br />Datedthi& 4th day of April, A,D.,19S3
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<br />c~~~(.::;
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<br />STATE OF NI:!IIRASKA, t
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<br />COUNTY OF I!ALL
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<br />day of April, 1983 ,befOre me,
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<br />the undeniped. a Notary Public in and for said Counly. personally came
<br />Leiser, each in his and her ownri.<;lht and as spouse.......s?!.neach
<br />f woo are I""_y knoWn to
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<br />are affixed to the above insl,Iument .. ~ .nd tl1e~ .....-ally
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<br />wl....tary &<;t and deed.
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<br />On this
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<br />4th
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<br />~ A. Leiser and Mary E.
<br />Qtt.er I
<br />lflO to be the ideoni!:aI pmons wboae name S
<br />"'*-lodctdthe said inltturMDt 10 be their
<br />wtnIliSS my hand u4 No
<br />lot)' C__ "BflifM
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<br />_Ill
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